Spie SA - February 2007

Spie SA announced the disposal of Spie Rail, its railway infrastructure activities, to Colas, for an undisclosed consideration. The transaction is subject to competition clearances and completion is expected in early April.

Spie Rail is one of the leading providers of rail infrastructure services in France and the United Kingdom, supplying total solutions in all aspects of railway infrastructure, from high speed rail systems to light and urban rail. Spie Rail offers its customers specialist skills in track works, overhead catenary systems, power supply, control and communications and associated maintenance.

Canaccord Genuity acted as Spie's exclusive financial advisor. We conducted an auction involving 5 trade buyers: Alstom, Balfour Beatty, Colas, Eiffage and Vinci.